agree. Why pursue expansion now in an oversupplied market when it doesn’t generate enough cash to cover capital requirements and has to borrow at 15% interest rates? What if nickel prices continue to drop over next two years? How is it going to pay interest for debt drawn and it has exhausted its cash reserves for the $2.3bln project?
does it then bring the company to the brink of bankruptcy? Then do massive capital raising at lowest share price then?
agree. Why pursue expansion now in an oversupplied market when...
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| Open | High | Low | Value | Volume |
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